Hi BP! Newbie here. I am in contract for a fourplex. I am purchasing it for $250,000. It is located in an area where property values have continued to increase annually. I would like to fix up units as they become vac...
Write your postLike to hear what some of you BP members would do if you were in my shoes. Im almost 53 with basiclly mortgage debt, no car, credit card or school debt. Im retired with my pension and rental income I gr...
I am new and looking for ways to ear mark capital for InvestingI have roughly $100K in home equity. Are there specific ways I can go about using that equity to start investing? Would this be a generic refinance, a h...
Hi! BP people,
I was unable to find an answer for the following question. I own a Townhouse (no mortgage), which is being rented. I was wondering if I can do a HELOC ? I understand that banks ...
HelloI am about to complete the construction of 2 new duplexes in the DFW area with a $1.5M construction loan. Latest appraisal for the 4 units came back at $750k per unit or $3M total and my estimate for renting it i...
Hi everyone,This is my first time posting and I had a question regarding DSCR cash out refinancing:Are the DSCR loan amounts calculated strictly on the debt service ratio or does an appraisal come in to play? Reason f...
Hello BPI'm planning my first deal based on the BRRRR strategy and I'm stuck. The refinance is key to get cash out in order to repay lenders and be able to repeat. My question is, when you refinance aren't there a num...
I have 20+ rentals and need to start refinancing a few of them to take advantage of residential loan terms. I have no problem qualifying in terms of Credit, Income, Assets, and strong Appraisals. I was just notif...
Listened to Podcast again 233 last week, with Arianne Lemire. I am interested to learn more about this strategy. Can someone explain to me in greater detail how this works? What are the requirements? Can it be done ...